XITK vs AMAX

Comparison between STATE STREET(R) SPDR(R) FACTSET INNOVATIVE TECHNOLOGY ETF (XITK, ETF) and ADAPTIVE HEDGED MULTI-ASSET INCOME ETF (AMAX, ETF).

5-Year PerformanceAMAX has outperformed XITK, delivering a return of +3.4% compared to -1.5%

XITK vs AMAX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	XITK(ETF)	AMAX(ETF)
Net Assets	$60M	$60M
Expense Ratio	0.45%	1.36%
Max Drawdown	65.60%	28.31%
Sharpe Ratio	0.16	0.55
5Y Beta	1.33	0.38
P/E Ratio	145.40	N/A
Forward P/E	31.09	N/A
Debt to Equity	67.00%	N/A
P/S Ratio	3.33	N/A
P/B Ratio	5.72	N/A

Net Assets

Winner

XITK

$60M

AMAX

$60M

Expense Ratio

Winner

XITK

0.45%

AMAX

1.36%

Max Drawdown

XITK

65.60%

Winner

AMAX

28.31%

Sharpe Ratio

XITK

0.16

Winner

AMAX

0.55

5Y Beta

XITK

1.33

Winner

AMAX

0.38

P/E Ratio

XITK

145.40

AMAX

N/A

Forward P/E

XITK

31.09

AMAX

N/A

Debt to Equity

XITK

67.00%

AMAX

N/A

P/S Ratio

XITK

3.33

AMAX

N/A

P/B Ratio

XITK

5.72

AMAX

N/A

XITK vs AMAX - Historical Returns

Returns include dividend reinvestment.

Period	XITK	AMAX
1 month	+3.57%	-2.92%
3 months	+21.81%	-1.94%
6 months	+6.73%	+1.58%
1 year	+4.16%	+9.75%
5 years(CAGR)	-1.48%	+3.37%
10 years(CAGR)	+13.61%	N/A
Max(CAGR)	+14.43%	+3.37%

Winner

XITK

+3.57%

AMAX

-2.92%

Winner

XITK

+21.81%

AMAX

-1.94%

Winner

XITK

+6.73%

AMAX

+1.58%

XITK

+4.16%

Winner

AMAX

+9.75%

5Y(CAGR)

XITK

-1.48%

Winner

AMAX

+3.37%

10Y(CAGR)

XITK

+13.61%

AMAX

N/A

Max(CAGR)

Winner

XITK

+14.43%

AMAX

+3.37%

XITK vs AMAX - Annual Returns (2016 - 2026)

Returns include dividend reinvestment.

Year	XITK	AMAX
2026	+8.42%	+2.45%
2025	+1.90%	+10.82%
2024	+22.79%	+10.07%
2023	+46.39%	+6.91%
2022	-47.61%	-12.46%
2021	-10.02%	-0.20%
2020	+84.95%	N/A
2019	+36.75%	N/A
2018	+6.04%	N/A
2017	+35.99%	N/A
2016	+19.19%	N/A

XITK vs AMAX Drawdown Comparison

The maximum drawdown for XITK was -65.56%, occurring on Nov 9, 2022. This drawdown has not yet recovered.

The maximum drawdown for AMAX was -16.26%, occurring on Oct 14, 2022. Recovery took 595 trading sessions.

The current XITK drawdown is -26.74%. The current AMAX drawdown is -4.41%.

Rank	XITK	AMAX
#1	-65.56% Feb 12, 2021 - Nov 9, 2022	-16.26% Nov 17, 2021 - Apr 3, 2024
#2	-33.74% Feb 19, 2020 - May 20, 2020	-9.26% Feb 19, 2025 - May 14, 2025
#3	-25.80% Sep 14, 2018 - Mar 18, 2019	-7.51% Jan 28, 2026 - May 8, 2026
#4	-13.12% Sep 1, 2020 - Oct 9, 2020	-5.73% Jul 17, 2024 - Aug 19, 2024
#5	-12.89% Jul 26, 2019 - Nov 25, 2019	-5.38% Oct 20, 2025 - Jan 22, 2026
#6	-12.66% Jan 14, 2016 - Mar 1, 2016	-4.41% May 11, 2026 - Jun 5, 2026
#7	-11.81% May 3, 2019 - Jul 12, 2019	-3.54% Apr 3, 2024 - May 20, 2024
#8	-9.24% Oct 13, 2020 - Nov 5, 2020	-2.95% Dec 11, 2024 - Jan 22, 2025
#9	-9.13% Nov 6, 2020 - Nov 25, 2020	-2.23% Nov 8, 2024 - Dec 11, 2024
#10	-8.85% Oct 5, 2016 - Feb 9, 2017	-2.01% Jan 31, 2025 - Feb 19, 2025
#11	-8.77% Jun 8, 2016 - Jul 11, 2016	-2.00% Jan 22, 2025 - Jan 31, 2025
#12	-8.60% Jun 18, 2018 - Aug 24, 2018	-1.89% Jun 13, 2025 - Jul 2, 2025
#13	-8.44% Mar 12, 2018 - May 9, 2018	-1.69% May 20, 2025 - Jun 6, 2025
#14	-7.46% Jan 26, 2018 - Feb 15, 2018	-1.62% May 20, 2024 - Jun 17, 2024
#15	-7.32% Aug 5, 2020 - Aug 26, 2020	-1.62% Jun 20, 2024 - Jul 9, 2024

Correlation

Correlation between XITK and AMAX is 0.79 which considered as a strong positive correlation - the stocks tend to move together.

0.79

-101

Dividend Comparison (2016 - 2026)

XITK vs AMAX dividend yield comparison.

Year	XITK	AMAX
2026	0.00%	5.19%
2025	0.00%	9.19%
2024	0.00%	7.36%
2023	0.08%	6.99%
2022	0.11%	11.22%
2021	0.00%	1.00%
2020	0.06%	0.00%
2019	0.14%	0.00%
2018	1.50%	0.00%
2017	1.74%	0.00%
2016	1.88%	0.00%